According
to a new market report published by Transparency Market Research “Video Surveillance and VSaaS Market -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,”
the global market is expected to reach a value of USD 42.81 billion by 2019, growing
at a CAGR of 19.1% from 2013 to 2019. Increased security and safety concerns and
need to monitor activities to detect intrusion, theft and traffic surveillance
are some important reasons driving the growth of the video surveillance and
VSaaS market globally.

By system, IP based video surveillance
market is expected to grow rapidly at a CAGR of 24.2% during the forecast
period from 2013 to 2019. Growing installations of IP cameras and need for
surveillance cameras with better video quality is driving the demand for IP based
video surveillance systems, globally.

By components, hardware market was
valued at USD 9.49 billion in 2012 and is expected to grow at a CAGR of 17.3%
during the forecast period from 2013 to 2019. It comprises of surveillance
cameras, recorders and storage, encoders, and monitors. Recorders and storage segment
held the largest share of 37% in 2012 of the total hardware market followed by
surveillance cameras with 32.0% share but is expected to lose share in the coming
years due to growing preference of cloud based storage (VSaaS). Also, the share
of surveillance cameras is expected to increase to around 46% by 2019 owing to
growing popularity of IP based video surveillance cameras that offer better
video quality and comes with in-built recorders.

Among end user application areas,
transportation segment which comprises city surveillance, public transits, and highways
is the largest segment. This segment accounted for around 15% share of the
total market in 2012 and is expected to grow at a CAGR of 21.2% during the
forecast period from 2013 to 2019. Other important application areas for video
surveillance and VSaaS include residential, retail, hospitality, stadiums, and
healthcare among others.

In terms of geography, North America was
the largest market in terms of revenue generation in 2012 that accounted for
around 35% share of this market followed by Asia Pacific with around 31% share.
Asia Pacific is expected to be the fastest growing market during the forecast
period, growing at a CAGR of 23.4% and registering a market size of USD 17.12
billion in 2019. Growth in the Asia Pacific market is mainly spurred by demand
from China.

Hikvision Digital Technology Ltd.
dominated the global video surveillance and VSaaS market with a share of 9.4%
in 2012 followed by Axis Communications with 5.2% share. Other important
players include Honeywell, Dahua Technology, Canon Inc, Bosch Security, Pelco,
Panasonic, and others.

The global video surveillance and VSaaS market
is segmented as below:

Video Surveillance
and VSaaS Market

By component

§Hardware

oCameras

oRecorders
and storage

oEncoders

oMonitors

§Software

oVideo
analytics

oVideo
management software (VMS)

§Services

oHosted

oManaged

oHybrid

By
system

§Analog video surveillance

§IP based video surveillance

End use application

§Residential

§Retail

§Business
organizations

§Transportation

§Government
buildings

§Hospitality

§Industrial

§Stadiums

§Healthcare

§Others (educational buildings, critical
infrastructures, so on)

By geography

§North
America

§Europe

§Asia
Pacific

§Rest
of the World (RoW)

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